SunSirs: China PP Fell at a High Level in March

According to the data monitored by SunSirs, the domestic PP market showed a gradual downward trend in March, and the spot prices of various brands were reduced. As of April 1, the mainstream offer price of T30S (wire drawing) of domestic manufacturers and traders was about 8,983.33 yuan / ton, a decrease of 4.94% compared with the average price at the beginning of the month, and a rise of 37.15% compared with the same period last year.

In March, propylene market high down, PP cost side support in general. At the beginning of this month, affected by the rapid resumption of work in China, the demand on the site expanded rapidly. However, the rapidly expanding supply is under pressure from domestic propylene prices. Downstream factories gradually resist the high price orders, the market is not smooth, and there is a price reduction at the end of the month.

In terms of fiber materials, according to the data monitored by SunSirs, as of April 1, the mainstream offer of domestic producers and traders Z30S (fiber) was similar to that of wire drawing materials, with a price of about 9,216.67 yuan / ton, a decrease of 2.81% compared with the average price at the beginning of the month, and a decrease of 14.92% compared with the same period last year. At present, the shipping resistance of traders is increasing, and the profit margin is generally expanding.

Melt blown materials, the market in early March to undertake raw materials rose and melt blown PP outside the double boost market and opened higher, after the demand did not improve and the whole month stagflation, spot price shock down. As of April 1, the average quotation of PPH-Y1500 sample enterprises monitored by SunSirs was about 11,000 yuan / ton. Basically back to the level before the rise. On the whole, the profit of melt blown fabric manufacturing market is not ideal, the excess capacity has been eliminated, and the melt blown PP market has entered a stable period.

SunSirs PP analysts believe that: In March, domestic PP spot market trend fell mainly. The upstream propylene price recovered, but it is still high, and the support for PP cost side is acceptable. Recently, the market supply has expanded, the industry competition has intensified, and the high price spot trading is not good. In addition, the lack of positive feedback of demand under the high opening rate led to the unsatisfactory trend of PP this month. Now has entered the maintenance season, polymerization plant shipments are expected to shrink, it is expected that China PP market trend or will be affected by the supply side and stop rising.

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